Peter Schiff explains how America is a consumer based economy. We are giving the world worthless paper to buy Plasma Television Sets and SUV's.
Freddie Fannie Mae Bailout.
Lehman Brothers Holdings...
Peter Schiff explains how America is a consumer based economy. We are giving the world worthless paper to buy Plasma Television Sets and SUV's. Freddie Fannie Mae Bailout. Lehman Brothers Holdings Inc. and Merrill Lynch & Co. NEW YORK - A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials losing 500 points in their worst slide since the September 2001 terrorist attacks. Investors recoiled after a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
The pullback, which erased about $700 billion in shareholder wealth, occurred across much of the globe as investors absorbed Lehman's bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for $50 billion in stock. While those companies' situations had reached some resolution, the market remained anxious about American International Group Inc., which is seeking funding to shore up its balance sheet. A faltering of the world's largest insurance company likely would have implications far beyond that of Lehman, already the largest U.S. bankruptcy in terms of assets.
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This term is often thrown around by American Nationalists who believe all the right wing propaganda.
The raw definition of Socialism is a system that benefits society at large. These bailouts are the result of corporate and government collusion, For instance Goldman Sachs donated large amounts to both candidates and so did AIG therefore they were entitled to bailouts.
Most citizens of the usa, the 'dumb masses', are afraid of whatever they're TOLD to be afraid of by their tv. They don't know what socialism is, don't care that they don't know and don't ask 'why?'.
They do as they're told by some face on their tv & that's good enough for them.
The UK is a socialist country & to most of them, that's as near as damn it 'communism'. Those chumps will never understand. We just laugh at them & get on with our nice peaceful lives in our nice beautiful country.
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Nothing is ever "different". Everything is always the same, and fails for the same fucking reasons. Learn from history. Grow a brainstem.
"the usa cannot go back on a gold standard because "it has no gold""
Then perhaps you better start getting your hands on some, bud.
This term is often thrown around by American Nationalists who believe all the right wing propaganda.
The raw definition of Socialism is a system that benefits society at large. These bailouts are the result of corporate and government collusion, For instance Goldman Sachs donated large amounts to both candidates and so did AIG therefore they were entitled to bailouts.
They do as they're told by some face on their tv & that's good enough for them.
The UK is a socialist country & to most of them, that's as near as damn it 'communism'. Those chumps will never understand. We just laugh at them & get on with our nice peaceful lives in our nice beautiful country.
I get tired of explaining this to dummies, but yet again I have to... the usa cannot go back on a gold standard because "it has no gold" of a
significant quantity and the amount of gold in the ENTIRE world wouldn't underpin even a small portion of the world trade that takes places EACH DAY!
A dollar collapse will help me but cripple you.